COLOGNE, Germany & REDWOOD CITY, Calif.--(BUSINESS WIRE)--ParStream, a leading real-time big data analytics technology provider, today announced that the company has been recognized by CIO.com, an award-winning website serving Chief Information Officers and IT leaders, as one of the “Top 10 Hot Big Data Startups to Watch.”
ParStream was initially nominated as one of over 100 big data startups on Startup50.com, an outlet dedicated to covering startups and emerging trends. The list was pared down to 42 nominees using a number of criteria, including startup age, funding, founders, product idea, and current market traction. Startup50.com’s Editor-in-Chief Jeff Vance is a contributing writer for CIO.com, and is spearheading the efforts to identify the top big data companies in the industry. Through the decisions of over 11,000 voters, ParStream was deemed one of the top 10 big data startups to watch by industry peers and decision-makers.
ParStream extends the capability of popular databases with real-time import and real-time query support, enabling users to analyze billions of records with sub-second query response times. The solution does this while continuously importing new data at very high speed.
“To be selected as part of the 42 best startups in the big data space was already an honor,” said Michael Hummel, CEO, ParStream. “To be voted on by others in the industry as a startup to watch demonstrates that there is a tremendous need for 'fast data,' and it shows that ParStream’s platform is a leading edge real-time big data analytics technology.”
“The Big Data voting was the most successful round of voting so far, topping mobile, cloud and even social media,” said Vance. “More than 11,000 people voted; page views each day were through the roof; and customers chimed in to support startups they’ve been working with.”
Voting is now open to select the top big data startup from the list of 10 on CIO.com. The article and ballot can be found here: http://www.cio.com/article/734787/10_Hot_Big_Data_Startups_to_Watch or via http://www.parstream.com/ciotop10. The original list of 42 startups appeared on Startup50.com, here: http://startup50.com/BigData-42.
ParStream is the creator of a revolutionary high-performance analytical database system especially targeted at solving Big Data challenges. One of the most comprehensive platforms in Interactive Analytics, the ParStream platform is innovating the way data is managed and analyzed empowering global enterprises to achieve instant insights. The technology is capable of massive parallel processing, has been configured and optimized for large amounts of data at rest and in motion, and employs new indexing methods to achieve real-time query response times. ParStream has operations in Silicon Valley, USA and Cologne, Germany. The company is funded by Khosla Ventures and other institutional and angel investors and has won numerous awards, including Gartner Cool Vendor and the ComputerWeek (Germany) Big Data Innovation Award.